Bitcoin Cash up %50 in 24 hours, and Bitcoin starting to drop in price. According to CoinMarketCap
#BitcoinCash solves many of the problems #Bitcoin faces with fees, scaling and transaction speeds.
If you held onto #BCH after the last Bitcoin hard fork you are smart. If you didn't, well, this is exactly the kind of reason why I recommended holding onto it.
Now Segwit2X is not happening, Bitcoin actually has more problems ahead. So... it's totally plausible the miners will start shifting to Bitcoin Cash and stop mining Bitcoin quite so heavily and if that happens it will force Bitcoin into a corner.
This now depends on the market influences, and mining influences, and is of course impossible to predict.
Interesting times ahead again for the Cryptoworld.
with further news of it recently facing plans for CME Group to launch it onto the Stock Exchanges as Futures Derivatives this is essentially turning Bitcoin into a mainstream affair, finally. This event will no doubt influence the price further.
And if the newly arrived herd panic about #Bitcoin price dropping as it seems to be over the last 24 hours, expect them to start to rush for the exits, and if that happens the ensuing carnage will commence. As described in this post recently.
We very likely are about to see how the herd respond to a price drop.